Which of the following goods are included to estimate food inflation in India?
- 1. Wheat
- 2. Paddy
- 3. Tobacco
- 4. Sugar
Select the correct answer using the code given below:
[amp_mcq option1=”1, 2 and 3″ option2=”2, 3 and 4″ option3=”1, 3 and 4″ option4=”1, 2 and 4″ correct=”option4″]
1. Wheat: A staple food grain, definitely included.
2. Paddy: The raw form of rice, a staple food grain, definitely included.
3. Tobacco: A non-food item (comes under ‘Pan, Tobacco and Intoxicants’ in CPI), not included in food inflation estimation.
4. Sugar: A processed food item (comes under ‘Sugar and Confectionery’), definitely included.
Therefore, items 1, 2, and 4 are included in estimating food inflation, while item 3 (Tobacco) is not.